Business
Hut 8 Highlights Industry Leading ESG Performance in inaugural Report
Company continues to champion industry standards through measurable, holistic ESG goals that will drive a more sustainable future TORONTO, May 10, 2022
About this update from Hut 8 Corp.
[{"type":"text","content":"Company continues to champion industry standards through measurable, holistic ESG goals that will drive a more sustainable future\nTORONTO, May 10, 2022 /PRNewswire/ - Today, Hut 8 Mining Corp. (NASDAQ: HUT) (TSX: HUT) (\"Hut 8\" or \"the Company\"), one of North America's largest, innovation-focused digital asset mining pioneers, supporting open and decentralized systems since 2018, published its inaugural ESG report.\n\n \n \n \n \n \n \n\n \n\"Technology, sustainability, inclusivity, and innovation are a part of Hut 8's DNA,\" said Hut 8 CEO Jaime Leverton. \"While our executive and board have long been proponents of strong environmental, social, and governance standards, we have worked with the entire Hut 8 team to set measurable ESG targets, and are proud to be achieving meaningful results.\"\nThe report, which discloses against the Sustainability Accounting Standards Board (SASB) and the Global Reporting Initiative (GRI), was reviewed and provided a statement of assurance from Ernst & Young, demonstrates progress made since holistic ESG goals and targets were announced in December, 2021.\nEnvironmentOn track to achieving carbon neutrality by 2025Procured carbon instruments to offset 20% of our 2021 scope 1 & 2 emissionsDiverted 61% of waste from landfillsInstalled 100% LED lighting at the Medicine Hat and Drumheller minesAdded electric skid steers and UTVsSocialProudly supported charities including the United Way, YMCA, and Santa Fund in North BayVolunteered more than 30 hours for the United Way50% of executive management roles held by womenZero recordable injuries across the businessGovernance40% of Board seats held by womenCommitted to conducting our business with accountability, integrity, respect, and teamwork\"This is an important step in our ESG journey,\" said Leverton. \"We will continue to embed ESG priorities into everything we do, continually adapting our approach based on new data, best practices, and insights that align with our business priorities.\"\nTaking a proactive role in driving transparency and progress across the digital asset industry, Hut 8 became a founding member of the Bitcoin Mining Council in 2021. The Council is a voluntary group of digital asset miners that promotes energy usage transparency and encourages the use of renewable energy sources. Hut 8 also joined the Crypto Climate Accord, the ...